My name is John Hyre, and I am an attorney, accountant & investor. For the first seven years of my career, I worked at two large accounting firms and as Tax Counsel for a Fortune 500 Company.
I get corporate level taxes. For the last 13 years I have run both an accounting practice and tax law practice. I have worked extensively with small businesses, real estate investors of all sizes, note investors and self-directed retirement accounts. I’ve prepared thousands of tax returns, helped thousands of clients with tax planning & tax reduction, fought the IRS in audits and in court and assisted clients in fighting IRS collection of taxes owed.
I have also invested in mobile home parks, low-income rentals and a few flips. I’ve written three home study courses and numerous articles and am a frequent speaker on the taxation of real estate and IRA’s. I have successfully defended clients, including those with IRA issues, in audits and in Tax Court.
IRA & Tax Planning
- Self-Directed: IRAs, HSAs (powerful Health Savings Accounts), CESAs (Education IRAs), and 401(k)s
- “Checkbook” LLC (IRA-Owned LLC) (we help you decide whether you really need one and review why they should NOT be self-managed)
- Screening deals for fatal prohibited transactions
- Discussing UBIT (IRA Tax)
- Planning the types of deals that can make a very small IRA into a large IRA without violating the tax laws
- With whom your IRA may partner (or otherwise do business) and how
- Planning & maximizing tax deductions
- Choice of entity
- Conversion of ordinary income into capital gains (when possible)
- Discounted notes
- Superior depreciation of rentals
- “Dealer” issues, including legally reducing social security taxes on flipping income
- Creative or unusual transactions such as: Subject-To, Lease Options (including sandwich & cooperative), Assignments, Tax Liens, Partial Notes, Participating Notes, Lonnie Deals aka selling mobile homes (“wobbly boxes”) on owner financing
Fighting the IRS
- Audit Defense (one of my favorite tasks)
- Tax Court (often well worth the cost after a bad audit)
- IRS Appeals (if the audit did not go well
- Fighting IRS Collections
- Negotiating Payment Plans (and sometimes getting the taxes lowered via an Offer in Compromise – but only sometimes)
Let’s finish the year strong so please join us and bring a friend or guest.
Wednesday, September 20th, 2017
6:30 PM to 9:00 PM
4224 Cox Rd
Glen Allen, VA 23060
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